Arizona weekly enterprise., 1887-12-24
ARTICLES OF INC ORp ORATION
 of the FLORENCE CANAL COMPANY.

FLORENCE CANAL COMPANY. We, D. s. Thomas, J. NJ Hurley, Charles Hall, John Vaile B. F. Garner, R. H. Mar tin, J. H. Wrampelmeir T. J. .WraInpelmeir, W. k. Stone, w. J. Linville, R. E. sloan, Thomas Davis, J. D. Rittenhouse and w. N. Crandall desiring to incorporate urselves un- der the provisions of the laws of the Territory of Arizona, for the purpose of engaging in and transacting the lawful business pursuit and enterprise hereinafter specified, do adopt these Articles of Incorporation and sign and &C., knowledge the same according to law, and de- clare:
 That the name of the corporatols are D. s. Thomas, J. M. Hurley, Charles Hall, John Vail,e B. F. Garner, R. H. Martin, J. H. Wrampelmeir, T. J. Wrampelmeir. W. R. Stone, w. J. Linville, K. k. Sloan, homas Davis, J. D. Rittenhouse and W. N. Cran- dall.
 The name of the Corporation saall be the
 FLORENCE CANAL COMPANY, and its principal place of transacting business shall be Florence, County of Pinal, Territory of Arizona.
 The general nature of the business, pursuit, occupation and enterprise proposed to be transacted and engaged in by said corporation IS building, constructing and maintaining dams, canals, fumes, ditches, condnits, reser- voirs, gates, lateral ditches aqueducts, and such other structures and appliances as may be necessary or convenient in damming, col lectlng, obstructitg, conducting and regulating the flow of water, to appropriate and pur- chase water and water rights, dams, ditches, canals. fumes, water ways, franchises and all water appliances, to sell water and the use thereof water rights and privileges, to use and furnish for use water for any agricultural, mining, milling, mechanical, domestic or oth- l CT beneficial purpose; to acquire by location, purchase or in any other manner, lands and 1 real estate interest therein, and all othCx | kinds of property, real, personal or mixed, | and hold, sell and convey the same; to loan money and borrow money and contract to re- pay the same at such time or times and with such rate or rates of interest as it's Board of | Directors may see ht to issue bonds and exc cute mortgages to secure any loans, or for any of its indebtedness, upon any of its property hereafter acquired, and to pledge and hy- pothecate any of its property to pay any O; it's indebtedness or secure any loans. And to ac- qulre by pur hase from the Florence Canal and Land Company, organized March Sth, 1886, and known and designated and doing business since the 31st day of July, 18S6 at which time its Articles of Incorporation were amended as the the Florence Canal and Wa ter Company, all of its water rights, dams, franchises and all water privileges. and t. ex- tend, enlarge and complete the same.
 III
 The amount of the capital stock of this cor porauion shall be Five Hundred Thousand (500, ,000) Dollars, divided into Ten Thous and Q0,000) shares of Fifty (S50) Dollars each, and the conditions upon which it is to be paid are as follows, to-wit:.
 The whole thereof is to be paid immediately upon making the subscription therefor, and no subscription for such stock shall be allowed unless at the time of making the same the full amount therefor sh Il be paid in money or it's equivalent.
 Florence Canal and Water Company shall be deemed an equivalent, and shall be received by this Corporation as the payment for the stock thereof, a the rate and proportion of Two ? | Shares of the capital stock of the Florence Ca- nal and Water Company for One t1) share of the Capital Stock of this corporation.
 The Stock of this Corporation, when issued upon the above conditions is non- -assessabIe, and the words mon assessable is to be printed or written upon same at time of issue.
 "
 | The time of the commencement of this cor poration shall be the day of the fling of these Articles of Incorporation l. the office of the Recorder of Pinal County, Arizona Territory, and the termination thereof shall be Fifty (50l years thereafter.
 ] ducted in accordance with its bylaws, by a Board of Five (5) Directors to be elected an nualy by tn stockholders on second t2ndt Tuesady of October of each year. No one shall be eligible to the office of Director who is not 8 stock-holder of this corporation.
 VI
 The highest amount of liability or indebt- edness direct or contingent, to which this cor poration is at any one time to be subject shall in no case exceed the sum of Three Hundred Thousand (300, ,000) Dollars.
 VII
 The private property of the members of this corporation shall not be liable for the corpo- , rate debts of this corporation.
 The Board of Directors shall have power to establish by laws and make all rules and reg ulatiCas deemed expedient forsthe manage ment of the affairs of this corporatio4, not inconsistent with the constitution and laws of the United States and the laws of this Terri tory.
 In Witness Whereof, we have hereunto set ! our hands and seals, this 1st day of September A. D., 1887.
 D. s. THOMAS, ISeall e